RE: Ballon busting….one half of our 16 trillion debit is falling due in the next 3 years.. how do you think that plays out?

Cathy

It’s to late for me. I can’t spell. That should be say not see.

usa8888

Ralphie–seriously, can you answer the question on how cutting spending grows the economy and creates jobs in a recession? If you dare…..
you probably don’t know the difference between a participle and a gerund??? …or a typo….come back to me…

usa8888

Bs–you are completely WRONG. Bush caused the debt crisis….. and the GOP obstructionists are making it worse..

Matthew

Decreased! that statement is insane.

That’s him, repeating information he doesn’t fully understand, and you responding with information that you understand even less. It is factually accurate to say that federal spending as a % of GDP has declined since 2009, but that has little to do with Obama.

The dynamic of the last several years is not one of explosive government growth, so much as the government being already bloated while the economy shrinks around it, which has consequently widened the gap between revenue and expenditures. This has more to do with the state of the economy than it does with the state of the budget process.

As a historical aside, Reagan holds the dubious distinction of running the highest peacetime deficits (as a % of GDP) of any president in U.S. history. The fact that he’s the patron saint of every modern hack selling phony fiscal responsibility…really makes a lot of sense, actually.

Matthew

Reagan: Former Hollywood actor, former union head, near-tripler of the national debt…and conservative hero?!?

ninja

@Matthew…………….and a former blind date of one of my grandmothers.

AppleStinx

tested wrote: “Can’t recall seeing The Five over 2 million before…”

‘The Five’ averaged 2.015 million viewers for the month of February. The program first went above the 2 million mark around this time last year.

Gabriel

Matthew
Posted February 26, 2013 at 7:49 PM
Reagan: Former Hollywood actor, former union head, near-tripler of the national debt…and conservative hero?!?

=======================

The argument is, I think, that doubling or tripling the debt is negligible if the initial debt is small. It’s those $10 trillion to $17 trillion moves that we have to be worried about. Right Ratboy?

1966

KodaJosh

Are there any DVR numbers for cable news?

The Five is really the testing ground for FOX News’ next generation of talking heads. I personally like the show a lot.

And will Red Eye ever get a primetime spot (aside from its occasional Saturday primetime slot)?

Cathy

Matthew,
Reagan was so loved by conservative because:
1) he gave us the largest across the board tax cut in US history.
2) he supported capitalism.
3) he take us from two years of severe recession followed by two years of a robust recovery.
4) he gave us an economic boom through the mid-eighties.
5) he brought the inflation rate down.
6) he created millions of jobs. (unemployment was 10.6%, he brought it down to 5.5%
7) he come off as being the top dog when he meet with foreign leaders.
8) he promoted the attitude to foreign groups that if you mess with the U.S. or a U.S. citizen there will be hell to pay.
9) he also come off as in control at all times.
10) Every leader knows that people need a villain to fight so they can unite. Reagan picked the USSR.

Reagan’s deficit. The 1980 bail out of Chrysler played a part in it. (Yes the feds bailed Chrysler out twice.)

What I find strange is that people justify the increase in the deficit for Obama because of needing stimulus spending during a recession. Reagan had to deal with a recess too. Is any of his deficit spending needed in your view? Reagan believed that the U.S. was being pushed around by Russia and other countries because of our out of date military equipment. He used an increase in military spending to help turn around the economy. (Unlike Obama’s stimulus that did nothing.)
During Reagan’s terms the two new cabinet-level departments: the Department of Energy and the Department of Education, Carter had created budgets had a role in the deficit. Along with rising costs of entitlement programs such as Medicaid and Medicare.

Once the economy started to boom, Reagan’s should have dropped the department of Energy, the department of education and reduced entitlement programs.

Cathy

If we need to spend money to stimulate our economy, we don’t we spend it on the military?